Oral Answers to Questions

Debate between Greg Hands and Mark Garnier

Thursday 15th December 2022 Commons Chamber

[The Minister for Trade Policy (Greg Hands)]

In the past financial year, we have resolved 192 individual trade barriers in over 70 countries. Forty-five of these alone are estimated to be worth around £5 billion to British businesses over the next five years. The Department is working tirelessly to remove the most prominent bilateral trade barriers—work that has the potential to deliver £20 billion-worth of opportunities for businesses across the entire UK.

[Mark Garnier]

My right hon. Friend’s Department has done sterling work in achieving free trade deals with 60 or so countries around the world. However, many other countries are incredibly enthusiastic to do free trade agreements, and none more so than the Kingdom of Thailand. As the Prime Minister’s trade envoy to Thailand, may I urge my right hon. Friend to do all he can to move talks beyond where they are now to secure a free trade agreement with the Kingdom of Thailand, which is keen to continue building on our great trading relationship?

[Greg Hands]

First, I commend my hon. Friend for his work as a former Minister at the Department. He will be delighted to know that we have increased the number of countries with which we have a free trade agreement to 71, in addition to the European Union itself. I also commend him for his work as trade envoy to Thailand and Brunei. He will know that we had our first ministerial joint economic and trade committee with Thailand in June, and we have agreed to deepen our trade relationship by developing an enhanced trade partnership. There are no current plans in place for an FTA, but this enhanced trade partnership could be the first step in laying the foundations for a potential FTA in the future.